Mar 1, 2013

Insurer QBE rights the ship, rues ex-CEO O’Halloran

Frank O'Halloran, the former emperor of QBE, destroyed the insurer's balance sheet and left a big potential landmine behind in QBE LMI. For his trouble he was paid more than $58 million.

Adam Schwab — Business director and commentator

Adam Schwab

Business director and commentator

Another day, another celebrity CEO’s reputation lies in tatters.

Like Eddie Groves and Wal King before him, Frank O’Halloran — the former emperor of insurer QBE for 14 years — was once considered a king among executives. Between the New York terrorist attacks in 2001 and the global financial crisis, O’Halloran was hailed as a corporate mastermind, with QBE’s share price rocketing from $6 to $35.

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